Not so. Closing a claim with a structure is as full and final as any lump sum settlement. Some claims professionals will tell you that the ongoing payments provided to the injured individual with a structured settlement mean that the case remains open for the carrier or self-insured. But this is a myth.
Claims close when agreements are final. All responsibility for ongoing payments is assigned to the life insurance company that issues the annuity. In other words, while the benefits continue, the case is closed.
Unwavering in his conviction that critical performance metrics, innovative product design, evangelical customers, and inspired employees all fuel each other, Ken has translated this belief into a history of founding and leading high growth, niche-defining companies in the property and casualty industry. He endeavors to develop new innovations to address the ever-intensifying challenge of coordinating and leveraging Workers' Compensation, Medicare, Medicaid, Social Security Disability, and private health insurance benefits. Embracing the most expansive definition of CEO, Ken also strives to craft and lead world-class companies with the best colleagues he can find to bring those innovations to the marketplace.
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Chronovo, Inc. represents a comprehensive restructuring of the structured settlement industry so more people can realize their intended value. Bolstered by our proprietary technology, our nationwide team of multi-disciplinary professionals brings clarity and enhanced value for all parties in claims of all sizes.